Page 73 - FY 2020-21 Revenue Outlook

REVENUE MONTHLY STATUS REPORT
Transfer from the Power Revenue Fund

(Thousand Dollars)
2016-17 2017-18 2018-19 2019-20 2020-21
MONTHLY ACTUAL ACTUAL ACTUAL BUDGET ACTUAL VARIANCE REVISED PROPOSED
JULY $ - - - - - - 0 - -
AUGUST - - - - - - 0 - -
SEPTEMBE - - - - - - 0 - -
OCTOBER - - - - - - 0 - -
NOVEMBER - - - - - - 0 - -
DECEMBER - - - - - - 0 - -
JANUARY - - - - - - 0 - -
FEBRUARY - 120,924 - - - - 0 - -
MARCH 132,214 30,231 - 117,800 114,957 (2,843) 114,957 112,050
APRIL 44,071 30,231 - 39,267 38,319 37,350
MAY - 30,231 116,275 39,267 38,319 37,350
JUNE 88,142 30,231 116,282 39,266 38,319 37,350
TOTAL $ 264,427 $ 241,848 $ 232,557 $ 235,600 $ 229,913 $ 224,100
% Change -0.9% -8.5% -3.8% 1.3% -1.1% -2.5%
2016-17 2017-18 2018-19 2019-20 2020-21
CUMULATIVE ACTUAL ACTUAL ACTUAL BUDGET ACTUAL VARIANCE REVISED PROPOSED
JULY $ - - - - - - - -
AUGUST - - - - - - - -
SEPTEMBE - - - - - - - -
OCTOBER - - - - - - - -
NOVEMBER - - - - - - - -
DECEMBER - - - - - - - -
JANUARY - - - - - - - -
FEBRUARY - 120,924 - - - - - -
MARCH 132,214 151,155 - 117,800 114,957 (2,843) 114,957 112,050
APRIL 176,285 181,386 - 157,067 153,276 149,400
MAY 176,285 211,617 116,275 196,334 191,594 186,750
JUNE 264,427 241,848 232,557 235,600 229,913 224,100
The transfer from the Power Revenue Fund has historically been set as a percentage of prior-year gross operating
power revenue. The Charter provides that the transfer may not exceed power system net income. The drop in
revenue between 2016-17 and 2017-18 reflects the impact of a settlement agreement limiting the amount of the
transfer.

The estimate provided by the Department of Water and Power for the 2019-20 has been reduced to reflect the
actual 2018-19 power system revenue. As DWP was unable to provide a revised estimate that reflects the impact
of the pandemic and recession, the transfer for 2020-21 is based on its low estimate derived from assumptions for
estimated 2018-19 power system revenue.

61